Holding(s) in Company

Drax Group PLC
19 March 2007

19 MARCH 2007
                                 DRAX GROUP PLC

                           ('Drax' or the 'Company')

                                  Symbol: DRX

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.       Name of Issuer

Drax Group plc

2.       Reason for notification

Transparency Directive Transitional Provisions

3.       Full name of person(s) subject to the notification obligation

Morgan Stanley Investment Management Limited ('MSIM')

4.       Full name of the shareholder(s) (if different from 3 above)

Various clients for which MSIM has voting authority

5.       Date of the Transaction

N/A

6.       Date on which issuer notified

19 March 2007

7.       Threshold(s) that is /are crossed or reached

5%

8.       Notified Details

(A) Voting Rights Attached to shares
Number of Voting Rights (Direct) - 0
% of Voting Rights (Direct) - 0%
Number of Voting Rights (Indirect) - 23,588,662
% of Voting Rights (Indirect) - 6.39%

(B) Financial Instruments
-

Total (A)+(B)
Total number of Voting Rights - 23,588,662
Total % of Voting Rights - 6.39%

9.       Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held

-

Proxy Voting

10.   Name of Proxy holder

Morgan Stanley Investment Management Limited

11.   Number of voting rights proxy holder will cease to hold

-

12.   Date on which proxy holder will cease to hold voting rights

-

13.   Any additional information

This is the first disclosure made on behalf of Morgan Stanley Investment
Management Limited since the implementation of the Disclosure and Transparency
rules in the UK

All figures are based on shares in issue and voting rights attached thereto of
368,921,151 ordinary shares of 11 1/29 pence each.

14.   Name of contact and telephone number for queries

Phil White (01757 612167)

15.   Name and signature of authorised company official responsible for making
this notification

Peter Rothwell, Company Secretary

                                   ENDS



                      This information is provided by RNS
            The company news service from the London Stock Exchange